Zevenbergen Growth Fund Market Value
| ZVNBX Fund | USD 40.01 0.20 0.50% |
| Symbol | Zevenbergen |
Zevenbergen Growth 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Zevenbergen Growth's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Zevenbergen Growth.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Zevenbergen Growth on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Zevenbergen Growth Fund or generate 0.0% return on investment in Zevenbergen Growth over 30 days. Zevenbergen Growth is related to or competes with American Funds, American Funds, Growth Fund, Growth Fund, Growth Fund, Growth Fund, and Growth Fund. The fund seeks to invest in companies that are industry leaders with significant growth potential, strong competitive ad... More
Zevenbergen Growth Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Zevenbergen Growth's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Zevenbergen Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.206 | |||
| Maximum Drawdown | 5.88 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.12 |
Zevenbergen Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zevenbergen Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zevenbergen Growth's standard deviation. In reality, there are many statistical measures that can use Zevenbergen Growth historical prices to predict the future Zevenbergen Growth's volatility.| Risk Adjusted Performance | 0.2264 | |||
| Jensen Alpha | 0.2571 | |||
| Total Risk Alpha | 0.1727 | |||
| Sortino Ratio | 0.1981 | |||
| Treynor Ratio | 0.383 |
Zevenbergen Growth Backtested Returns
Zevenbergen Growth appears to be very steady, given 3 months investment horizon. Zevenbergen Growth shows Sharpe Ratio of 0.26, which attests that the fund had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Zevenbergen Growth, which you can use to evaluate the volatility of the fund. Please utilize Zevenbergen Growth's Downside Deviation of 1.27, market risk adjusted performance of 0.393, and Mean Deviation of 0.9261 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.96, which attests to possible diversification benefits within a given portfolio. Zevenbergen Growth returns are very sensitive to returns on the market. As the market goes up or down, Zevenbergen Growth is expected to follow.
Auto-correlation | -0.22 |
Weak reverse predictability
Zevenbergen Growth Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Zevenbergen Growth time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zevenbergen Growth price movement. The serial correlation of -0.22 indicates that over 22.0% of current Zevenbergen Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Zevenbergen Growth lagged returns against current returns
Autocorrelation, which is Zevenbergen Growth mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Zevenbergen Growth's mutual fund expected returns. We can calculate the autocorrelation of Zevenbergen Growth returns to help us make a trade decision. For example, suppose you find that Zevenbergen Growth has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Zevenbergen Growth regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Zevenbergen Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zevenbergen Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zevenbergen Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Zevenbergen Growth Lagged Returns
When evaluating Zevenbergen Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zevenbergen Growth mutual fund have on its future price. Zevenbergen Growth autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Zevenbergen Growth autocorrelation shows the relationship between Zevenbergen Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Zevenbergen Growth Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Zevenbergen Mutual Fund
Zevenbergen Growth financial ratios help investors to determine whether Zevenbergen Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Zevenbergen with respect to the benefits of owning Zevenbergen Growth security.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device |